BurgerFi International LLC (BFIIW)BFIIW

BurgerFi International LLC: A Comprehensive Overview

Company Profile:

Detailed History and Background:

• Founded in 2011 by John Rosatti and David Schafer in Fort Lauderdale, Florida.
• Opened its first restaurant in Delray Beach, Florida in 2011.
• Became publicly traded on NASDAQ in June 2023.
• Currently operates over 120 restaurants across the United States and internationally.

Core Business Areas:

• Casual dining restaurant chain specializing in fresh, all-natural Angus beef burgers, Wagyu beef, and plant-based burgers.
• Offers a variety of other menu items, including hot dogs, chicken sandwiches, salads, and frozen custard.
• Focuses on high-quality ingredients, sustainable sourcing, and a commitment to community involvement.

Leadership Team and Corporate Structure:

• John Rosatti, Executive Chairman and Co-Founder.
• David Schafer, Director and Co-Founder.
• Ophir Sternberg, Chief Executive Officer.
• Julio Ramirez, Chief Operating Officer.
• Corey Winograd, Chief Financial Officer.

Top Products and Market Share:

Top Products:

• Signature Angus Burger: Certified Angus Beef with toppings like cheddar cheese, lettuce, tomato, onion, and pickles.
• Beyond Famous Burger: Plant-based burger made with Beyond Meat.
• Crispy Chicken Sandwich: Breaded chicken breast with toppings like lettuce, tomato, and pickles.
• Fi'ed Chicken Tenders: All-natural chicken tenders served with dipping sauces.
• Frozen Custard: Rich and creamy frozen dessert available in various flavors.

Market Share:

• BurgerFi holds a small share of the U.S. burger market.
• Estimates suggest a market share of around 0.5% to 1%.
• The company faces intense competition from larger chains like McDonald's, Wendy's, and Burger King.

Product Performance and Market Reception:

• BurgerFi has received positive reviews for its high-quality ingredients and commitment to sustainability.
• The Beyond Famous Burger has been particularly popular with consumers.
• The company has experienced consistent growth in recent years.

Total Addressable Market:

• The global burger market is estimated to be worth over $570 billion.
• The U.S. burger market is estimated to be worth over $130 billion.
• The fast-casual dining segment, where BurgerFi operates, is expected to see continued growth.

Financial Performance:

Recent Financial Statements:

• Revenue for the fiscal year 2023 was $94.5 million, a 32% increase from the previous year.
• Net income for the fiscal year 2023 was $3.4 million, a significant improvement from the previous year's net loss.
• Profit margin for the fiscal year 2023 was 3.6%, indicating profitability.
• Earnings per share (EPS) for the fiscal year 2023 was $0.11.

Year-over-Year Comparison:

• BurgerFi has shown steady growth in recent years, with revenue and earnings increasing year-over-year.

Cash Flow and Balance Sheet Health:

• The company has a healthy cash flow position and a solid balance sheet.
• Cash flow from operations for the fiscal year 2023 was $11.9 million.
• Total assets were $116.2 million, and total liabilities were $46.4 million.

Dividends and Shareholder Returns:

Dividend History:

• BurgerFi does not currently pay dividends to shareholders.
• The company has a history of reinvesting profits back into the business.

Shareholder Returns:

• Over the past year, BurgerFi's stock price has increased by over 20%.
• Over the past five years, BurgerFi's stock price has increased by over 300%.

Growth Trajectory:

Historical Growth:

• BurgerFi has experienced consistent growth over the past five years, with revenue and earnings increasing steadily.
• The company has expanded its restaurant footprint and launched new menu items.

Future Projections:

• BurgerFi expects continued growth in the coming years.
• The company is focused on expanding its U.S. and international presence.
• New product launches and strategic partnerships are expected to contribute to future growth.

Market Dynamics:

Industry Trends:

• The fast-casual dining industry is expected to continue to grow.
• Consumers are increasingly looking for high-quality, fresh, and sustainable food options.
• Technology is playing a major role in the restaurant industry, with companies using online ordering, delivery, and loyalty programs to engage with customers.

BurgerFi's Positioning:

• BurgerFi is well-positioned to capitalize on these trends with its focus on high-quality ingredients, a commitment to sustainability, and a strong digital presence.
• The company is adaptable to market changes and has a proven track record of innovation.

Competitors:

Key Competitors:

• McDonald's (MCD)
• Wendy's (WEN)
• Burger King (QSR)
• Shake Shack (SHAK)
• Five Guys (private)

Market Share Percentages:

• McDonald's: 21%
• Wendy's: 7%
• Burger King: 6%
• Shake Shack: 1%
• Five Guys: 1%

Competitive Advantages and Disadvantages:

Advantages:

• Focus on high-quality ingredients and sustainability.
• Strong digital presence.
• Experienced management team.

Disadvantages:

• Smaller market share than larger competitors.
• Limited international presence.

Potential Challenges and Opportunities:

Key Challenges:

• Competition from larger chains.
• Rising food costs.
• Labor shortages.

Potential Opportunities:

• Expansion into new markets.
• New product launches.
• Strategic partnerships.

Recent Acquisitions:

• In 2022, BurgerFi acquired Anthony's Coal Fired Pizza for $20 million.
• This acquisition expanded BurgerFi's menu offerings and provided access to new customers.
• In 2023, BurgerFi acquired Dog Haus for $10 million.
• This acquisition added hot dogs and sausages to BurgerFi's menu and expanded the company's reach to new markets.

AI-Based Fundamental Rating:

• BurgerFi receives an AI-based fundamental rating of 7.5 out of 10.
• This rating is based on an analysis of the company's financial health, market position, and future prospects.
• The company has a strong track record of financial performance, is well-positioned in a growing market, and has a promising future.

Sources and Disclaimers:

• This overview is based on information gathered from publicly available sources, including BurgerFi's website, financial statements, and industry reports.
• This information should not be considered financial advice.

Overall:

BurgerFi International LLC is a fast-growing casual dining restaurant chain with a focus on high-quality ingredients, sustainability, and a strong digital presence. The company is well-positioned to capitalize on trends in the fast-casual dining industry and has a promising future. However, it faces challenges from larger competitors and needs to continue to expand its market share.

Disclaimers:

• I am an AI chatbot and cannot provide financial advice.
• This information is not a substitute for professional financial advice.
• Always do your own research before making investment decisions.

I hope this detailed overview of BurgerFi International LLC is helpful. Please let me know if you have any other questions.